1221 East AveHarrisonMI48625
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Harrison at 1221 East Ave, Harrison, MI, 48625 offers a 13.5% rental yield on a $128,000 purchase with $1,440/mo rent. Total monthly income registers $1,440/mo, and a $627/mo payment leaves $561/mo available for distribution. Annual cash flow reaches $6,737/yr on $42,432 to close, and return on cash invested stands at 35.79% in year one. Equity gained on principal adds $826/yr while 5% annual appreciation supports $35,364 over five years. Portfolio math shows five-year ROI at 188.94% and total cumulative return in cash at $80,171. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,440/mo property income against a $627/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1985
5.82 Acres lot
$N/A/sqft
$35 optional HOA
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Listed by: ROSEMARIE MAYFIELD • HARRISON REALTY INC.
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50181474
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